Opportunity cost is the value of your second choice, or whatever you give up to get something
Taylor gives up either the video games or the funny videos. So you can choose either one
Perpetual inventory system - is the type of inventory system Badger Enterprise uses. A perpetual inventory system is when companies keep track of each individual purchase and sale of inventory continuously. If they use a periodic inventory system, they will do it periodically, or over a given point in time.
Answer:
True
Explanation:
Many times management does not know a lot about information technology (IT) and that is not something necessarily bad because none can know all about everything. The problem is when someone doesn't know about something else but he/she is not willing to learn about that issue or is not willing to ask other people who know to teach them.
Many CEOs and board members are very successful and powerful people, and they do not like to admit the fact that they might need help to deal with some issues. IT is constantly changing and even if they knew about it 10 or 20 years ago, that knowledge is no good anymore.
The largest advances in IT have occurred in communications, our world is smaller every day. But communication by itself is only a tool, and a tool is only as good as the person that handles it. In order for a company to work properly, good communication must exist between all their units.
Answer:
E
Explanation:
According to the history of America, by 1830 home manufacture had declined significantly due to increased industrial organization and advances in transportation.
Answer:
The correct answer is letter "B": may be used for various general ledger accounts.
Explanation:
Subsidiary ledgers are used in the record-keeping of large companies when transactions of an account should be reported in detail but the information size is overwhelming. Usually, subsidiary ledgers are implemented in sales firms. The subsidiary ledger is part of a general account that is frequently posted so only general precise information is recorded in the general account.
<em>Examples of subsidiary ledgers are Accounts Payable Ledger, Accounts Receivable Ledger, Purchases Ledger, and Inventory Ledger just to mention a few.</em>
